GameStop is currently on everyone’s lips, but not because of the actual core business. Rather, the company’s share is currently causing a real drama on the stock market – and that is now to be filmed twice.
GameStop is currently making it into the most important news around the world more often, but less because of the video game trade. The company was considered financially troubled, which is why large hedge funds and institutional investors went short and had bet on falling prices by means of short sales.
Small investors no longer wanted to put up with such speculations. Above all via Reddit, a kind of digital flash mob of small day traders and small investors formed. The swarm intelligence worked and, thanks to organized share purchases, the GameStop price skyrocketed. This caused hedge funds to lose billions and ensured that providers suspend trading in GameStop securities – to the annoyance of small investors. Since then, there has been a lively discussion about equal opportunities on the stock exchanges and whether institutional investors enjoy advantages over small investors. The GameStop paper, however, is still ten times higher than it was at the beginning of last month.
The whole story – albeit true – sounds so crazy and interesting at the same time that filmmakers have now been called on the scene. There should therefore be two film versions of the material. The streaming giant Netflix will be responsible for one thing, the loud Deadline
Detached from the Netflix film, Studio MGM has also acquired the film rights to a book by Ben Mezrich that has not yet been written, which revolves around GameStop stock history. This film adaptation is to be called “The Antisocial Network”.